#securities-fraud

data centers

• applied digital -- ai pivot puffery — securities class action against Applied Digital for overstating AI cloud service pivot and data center profitability, triggered by Wolfpack Research short report
• bigbear.ai -- spac accounting restatement — securities class action against BigBear.ai for accounting restatement of convertible notes following SPAC merger with GigCapital4
• c3.ai -- revenue guidance miss — securities class action against C3.ai for misleading revenue guidance and concealment of CEO health issues affecting sales performance
• coreweave -- data center construction delays securities fraud — securities class action against CoreWeave alleging concealment of data center construction delays and overstated ability to meet AI infrastructure demand, with $14B in market cap losses
• data center shareholder litigation tracker — comprehensive tracker of securities class actions, shareholder derivative suits, and regulatory enforcement actions related to data center infrastructure, AI buildout, and the companies in their supply chain
• equinix -- affo manipulation settlement — settled $41.5M securities class action against Equinix for misclassifying maintenance expenses as growth capex to inflate AFFO metrics, triggered by Hindenburg Research report
• fermi inc. -- project matador ipo securities fraud — securities class action against Fermi Inc. alleging IPO misrepresentation of AI data center demand for Project Matador, with anchor tenant termination causing 59% stock decline from IPO price
• gds holdings -- undisclosed executive transactions (settled) — settled $3M securities class action against GDS Holdings for undisclosed CEO pre-paid forward sale transactions creating change-of-control risk
• hut 8 -- usbtc merger overvaluation — securities class action against Hut 8 Corp alleging overstated USBTC acquisition value, triggered by J Capital Research short report showing 70% overvaluation
• intel -- foundry losses concealment (dismissed) — dismissed securities class action against Intel for concealing $7B operating loss in foundry business, dismissed with prejudice in July 2025
• iris energy -- hpc capacity overstatement — securities class action against Iris Energy alleging misrepresentation of HPC/AI data center readiness at Childress County, Texas facility, triggered by Culper Research short report
• ironnet -- spac securities fraud (settled) — settled $6.625M securities class action against IronNet for SPAC merger misrepresentations, company subsequently filed for bankruptcy
• nuscale power -- entra1 partner securities fraud — securities class action against NuScale Power alleging misrepresentation of ENTRA1 commercialization partner capabilities, with $495M payment to inexperienced entity and 70%+ stock decline
• nvidia -- crypto revenue misrepresentation — long-running securities class action against NVIDIA for understating cryptocurrency mining revenue, surviving Supreme Court review and remanded for discovery
• oracle -- ai infrastructure capex securities fraud — securities class action against Oracle Corporation alleging misrepresentation of AI data center capital expenditure returns, with $50B projected CapEx, negative $10B+ free cash flow, and $248B in off-balance-sheet lease commitments
• super micro computer -- accounting fraud and doj investigation — securities class action and DOJ investigation against Super Micro Computer for accounting manipulation, undisclosed related-party transactions, and sanctions violations, triggered by Hindenburg Research report
• vertiv holdings -- pricing misrepresentation — securities class action against Vertiv Holdings for false statements about pricing visibility and inflation management, resulting in 37% single-day stock decline
• vnet group -- ownership dilution securities fraud — securities class action against VNET Group for concealing subsidiary financial difficulties and ownership dilution risk